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Costco Maintains Store Growth Plans

ISSAQUAH, WA-Gas deflation and currency exchange hurt the wholesale club's same-store sales.

By Debra Hazel | Updated on May 29, 2009

ISSAQUAH, WA-Costco Wholesale Corp. will maintain the pace of its expansion of both its traditional warehouses and newer Business Center formats, executive VP Richard Galanti said at the company’s third quarter conference call.

Plans call for approximately 23 new warehouse openings in 2010, keeping expansion at about the same percentage rate as previous years. The 20 new openings this year include the company’s debut in Australia, with a unit opening in Melbourne in August. (Other openings for the fourth quarter include units in Japan, Korea and Taiwan.)

“We are seeing some opportunities out there, some at lower costs,” Galanti said.

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